The Berlin start - up ecoligo will receive EUR 2.5 million of backing from Saxovent , an investor specializing in ecological investments . Since its foundation in 2016 , ecoligo has open up the solar securities industry for commercial and industrial line of work in emerge markets , drive the energy conversion in these rural area . The current funding will be used to descale up operations and put down new market .
After closing a seminal fluid financing with business angels and InnoEnergy 2 years ago , ecoligo has successfully roll out its crowd - finance Solar - as - a - Service concept in key markets . Saxovent COO , Matthias Kittler , was win over by ecoligo ’s stage business good example , " because everyone involved benefits financially from the solution : the local companies who reduce their electrical energy toll , the local service provider through the installing and maintenance of the solar systems and the crowd investors in Germany , who receive an attractive interestingness charge per unit . Last but not least , the clime benefits from the replacement of fossil fuel by solar energy " . Therefore , according to Kittler , he is confident about the long - term success of the ecoligo and is happy to invest . Saxovent , a highly experienced renewable energy project developer that has built more than 385 malarkey turbines since 1997 , is the sole investor in the current development financing round .
" So far we have brokered a total of more than EUR 2.4 million on the crowd investing platform ecoligo.investments and won almost 800 committed private investor . To particular date , we have successfully implemented more than 20 solar projects in East and West Africa , Central America and Southeast Asia and thus already have a relevant orbicular influence , " says ecoligo CEO Martin Baart . The fellowship has also been award with several prizes and recognitions . " Our concern model and specially the integration of crowdinvesting was recently selected as one of 1,000 efficient solutions by the Solar Impulse Foundation . These solutions will make a measurable and sustainable share to combating the clime crisis , " denote ecoligo CFO Markus Schwaninger .
Martin Baart and Markus Schwaninger
With Saxovent ’s debut , Baart want to enlarge into other countries and offer up additional products and solvent : " With the fund lift , we are commit in the expansion of the existing hub in Ghana , Kenya and Costa Rica and open new locations in Southeast Asia . At the same fourth dimension , we will expand our offering in the area of energy efficiency . There is huge potentiality here in our target market . " " Our local team ensure that we maintain a close relationship with our corporate customers and partners , but our headquarters remains here in Berlin . In this way , we also want to secure proximity to crowd investor . We are also looking forward to recruiting committed employees to strengthen the team here , " Schwaninger explains .
For more information : www.saxovent.de / enwww.ecoligo.com
